Bank Nifty- Takes support at 50EMA, more downside to come ?
Bank Nifty has taken support at 50EMA this week. However the FII (-715cr) and DII(-43cr) both selling off on friday -indicates propensity to continue selling Which might mean more downside to come. A small pullback however cannot be ruled out. Let us see how markets go on the last trading week this calendar year...
For calculations on CPR and more data for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 for more on Nifty & Bank Nifty levels for Monday 27Dec2021 - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10 or morning by 830am -well before market hours.
For calculations on CPR and more data for tomorrows trade-- you may want to check my twitter handle @OptionsNo11 for more on Nifty & Bank Nifty levels for Monday 27Dec2021 - Vix , FII , CPR & options/ PCR data. The calculations are posted on this twitter handle @OptionsNo11 every night by 10 or morning by 830am -well before market hours.
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